NOTE: Customers from United States are not allowed to trade or register at this broker. We would recommend a different broker at our toplist here.
Dex Trade is a cryptocurrency exchange registered in Belize city that has been in operation since 2017. It is a modern exchange that enables secure, convenient trading of digital currencies at low commissions. It also offers an Initial Exchange Offering(IEO), tournaments, and games for its traders. Beginners can indulge in demo trading that has no financial risks. The exchange is available through a web interface and a mobile application. In this article, Crypto lists gives readers an insight into the exchange. Can't wait to get started? Try Dex Trade Now!
NOTE: Customers from United States are not allowed to register. Find another broker here.
Dex Trade allow users buying and selling crypto in a simple way.CryptoLists.com
Background & Overview
Dex Trade has become one of the best decentralized crypto exchanges in less than four years since its foundation. It has grown its popularity with over 150,000 users due to its security features. It has been certified with a General Data Protection Regulation (GDPR) and SecExpert as a universal exchange.
It lists a wide range of high-quality digital currencies. There is a minimum spread and high liquidity in order books that facilitate efficient trading of orders of all volumes. It also sources new crypto projects available for investment by traders through its IEO. It comforts all types of traders. These include beginners and experienced ones. A demo trading service is available for beginners to familiarise themselves with the trading dynamics. The service is risk-free and assists in evaluating trading strategies. It has a user-friendly interface suitable for beginner traders. However, its staking feature is still at its beta stage.
Dex Trade offers free deposits to traders on their exchange. It facilitates an Initial Exchange Offering(IEO) listing of a currency on the exchange. They organises many exciting trading tournaments with a large prize pool. The Dex Trade ecosystem has a base currency, the DXC coin, that traders can invest in. But you can as well use ETH, USDT, BNB or any other cryptocurrency of your choice. Give Dex Trade a try today!
Visit DexTrade now!
Advantages at DexTrade+The DEX has a user friendly interface that is suitable with beginners.
+Dex Trade does not have its KYC as mandatory therefore you can just deposit crypto and trade.
+It offers guaranteed protection against hackers through its security certifications of SecExpert and GDPR.
+Dex Trade has fast transaction speed.
+One of few DEX that offers a demo trading service for beginners.
Disadvantages-Its trading fees are fixed and cannot be lowered due to a higher trading volume.
-Dex Trade does not facilitate fiat deposits and withdrawals.
-It has limited payment methods for deposits and withdrawals.
KYC & Registration
Registering on the DEX is a fast, simple and convenient process. It involves the following:
+You visit the official DEX trade website at DEX-Trade.com.
+Select sign up to be directed to the registration page
+Provide your email address and a unique password for your account
+Input the time zone of your location
+Scrutinise and agree to the terms and conditions
+Upon agreeing to the terms, the system sends a confirmation link to your email address for activation.
+Activate your account within 30 minutes to successfully register on the exchange
+The exchange does not have KYC as mandatory for its users. Traders can register, trade, and execute particular financial operations without it.
However, there is a limitation for a user that has not undergone verification through the KYC process. Non-verified users are unable to withdraw more than 1 BTC in 24 hours.
The following are the documentation requirements of a trader to pass the KYC process:
+An ID, passport or drivers license to confirm identity
+A photo while holding an identification document and a paper handwritten with the date and name of the exchange.
+Documentation to verify your address such as a utility bill.
You're not currently able to open a corporate account on Dex Trade.
There is no leverage available from Dex Trade yet.
Costs▪ Rated at 10/10
The costs of trading at an exchange are critical to every trader. On Dex Trade, the maker incurs a 0.1% fee while the taker incurs a 0.2 % fee. This is similar to the average of the market. It is essential to note that you cannot incur a lower fee with an increase in the trading volume.
You require to have cryptocurrency to deposit into the exchange account. Therefore, fiat currencies are not yet supported. You cannot deposit via credit cards. However, cryptocurrency deposits do not incur any charge.
You can also only withdraw with cryptocurrency. The fees are also in line with the market average. The fee varies with the cryptocurrency withdrawn. For example, you incur 0.0005 BTC for every BTC withdrawal, while Ethereum incurs 0.0029 ETH for every ETH withdrawal.
Deposit Methods▪ Rated at 8/10
Below you can see a list of the deposit methods available on DexTrade. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Below are the most common deposit methods; all in crypto and none in fiat. Read more about the deposit methods at DexTrade here.
Platforms▪ Rated at 8/10
The exchange has a user-friendly interface. This attracts several beginners of trading to its exchange. The easier learning curve is due to the conventional tools that beginners can easily familiarise themselves with.
The options listed on the exchange include the following:
+Market: It displays all trading pairs and cryptocurrency markets and their current price on the exchange. The market is categorised further into BTC, USD, and ALTS markets. Traders can input their favourite digital currency market to gain easier access.
+Trade: It provides either spot trading or demo trading. Spot trading is on various digital currencies at their spot price while demo trading allows you to trade without financial risk.
+Expert: This option provides access to staking, IEO, tournaments, and games. However, the staking is still at its beta stage.
+Free coins: The exchange occasionally issues free coins by following a set of instructions.
+News: The exchange has a news page with information relating to it that is constantly updated.
+Support: It offers a range of answers to frequently asked questions on various sections of the exchange.
Automated Trading and Copy Trading
There is no autotrade or copy trading functionality on this DEX.
Broker Support▪ Rated at 8/10
The support of the exchange is not as extensive. It only provides a support system where users can submit their enquiries or complaints in a form. The form requires traders to input their email and the enquiry category. Once you submit, it takes 24 hours to receive feedback on the request.
Other Names for DexTrade
DexTrade is or has also been known under the following names: Dax Trade Exchange
Where can I register for DexTrade?
The best way is to open an account here and if you have any further questions you can get in touch with their support directly.
Is Dex Trade a reliable site?
Yes, it is a reliable and secure site with certification from SecExpert and GDPR. It guarantees no hacking on the exchange. Many trusted crypto sites rank it among the top DEX alternatives out there.
How does the exchange earn money?
The exchange earns money from the trading fees it charges traders. It applies to both the maker fee and taker fee.
Who started the exchange?
Marilyn Myller is amongst the co-founders of the exchange.
How do I trade on the Dex trade exchange?
You should activate the two-factor authentication security feature before trading on the exchange. Once it is activated, you can proceed under the trade button. Here, you can access spot trading. It displays all trading pairs available on the exchange. After scrutinising the trading pairs, you select one and the system redirects you to where you can buy or sell order. The system allows you to place a limit, market, or stop-limit order.
Does the exchange offer free coins?
Yes, traders receive free coins from the exchange by following a set of instructions.
Instruments available▪ Rated at 8/10
Crypto CurrenciesBTC/USDT, ETH/USDT, ETH/BTC, SOL/USDT, BNB/BUSD, ZOE/TRX, LTC/USDC, BNB/DSL, DASH/USDT, ETC/BUSD, XRP/USDT, BNB/ETH, XLM, ZEC, UNI, USDC, USDT, XRP, MANA, LTC, BTC, BNB, BCH
›› Sign up at DexTrade here
NOTE: Customers from United States are not allowed to register. Find another broker here.
Screenshots from DexTrade
Related blockchain? Learn more about Ethereum NetworkEthereum Network is the blockchain that DexTrade is based on, so it's worth reading more about it below.
Ethereum offers a blockchain that’s available to everyone. All you need is a wallet to participate. Ethereum offers open access to data-friendly services and digital money, no matter your location or background. More so, it’s a community-based tech behind thousands of applications that you can use today and the ETH cryptocurrency...
›› Read our full Ethereum Network review here
Ethereum Blockchain - The Internet of Assets.
Read the DexTrade Terms and Conditions here.
DexTrade Review Published: Tuesday, 26 Apr 2022 4:35 am
Last Updated: Friday, 16 Dec 2022 3:25 pm